# forex Trader # 95% of the recruitment of forex traders is fraudulent, which sets many trading rules for you and makes you lose money.

Ten foreign exchange traders or traders basically let you open your own account. Although some recruit you in the name of not opening an account, most of them need you to provide transaction records for nearly 3 months. The vast majority of applicants can either not provide it or provide it. The other party said that you don't meet the conditions such as income failure, and then let you open an account and follow the study. In fact, it is to turn you into a customer in disguise.

I applied for a company before, which is even funnier. They took an account with an initial price of $9.9, and then their so-called teacher doubled the account to nearly $4,000 in a few months, with a yield of nearly 400 times. Even if the leverage is 400 times, how many positions should I start with? ! I wanted to say, I'll give you 100, you earn me $4,000, and I'll give you half. I have done business for so many years, which has opened my eyes. Why not fool the layman? !

In fact, the industry as a whole is very formal, but in order to maximize profits, most companies simply choose some platforms for nominal supervision, and let you participate in it through high leverage and opening an account as a gift. A really good platform has few commission rebates, so it is impossible to make money by agency alone. Therefore, good platform customers are rarely exposed, and those gambling platforms have always been recommended, so that it is basically considered a scam to mention foreign exchange transactions with people. This is completely a problem of an originally good industry.

Anyone who knows about foreign exchange trading knows that foreign exchange, like securities and futures, is legal and formal abroad. Its foreign exchange trading volume far exceeds the securities trading volume. However, China has the national conditions of China, and there are many restrictions to control foreign exchange. Therefore, it is mistaken for a scam and illegal by ordinary people. In this respect, it is somewhat similar to the recent popular movie "Drug God". This medicine itself is a good medicine, which has the same effect as those expensive medicines, but it was not recognized by the government when it entered, so it was labeled as "fake medicine". The same is true for trading foreign exchange, which is a profitable investment like securities and futures with very high transaction costs, but it is illegal due to these restrictions. Coupled with those mercenary agents, in order to maximize the benefits, investors who want to participate naturally lead into a deceptive trap.

From Q User: Mr. Wang

Don't know the foreign exchange industry, don't know the futures industry, and die quickly. Q user: Mr. Li.